Stores information about Take-up rates for industry loss and exposure data for a reinsurance program.
Take-up rates are the percentage of insurable properties that are actually insured.
The loss files packaged in Touchstone include total insurable loss for each modeled event. To derive insured loss, AIR estimates the percentage of risks covered by peril, by line of business, and by geographic location, then apply this estimate to the insurable loss values. These estimates are called take-up rates.
Take-up rates can be entered manually in the Exposures screen, Market Shares tab or brought in from a UNICEDE file.